Published on 7/20/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.01 million digital barrier notes on VanEck Oil Services ETF
New York, July 20 – Credit Suisse AG, London Branch priced $1.01 million of digital barrier notes due July 26, 2018 linked to the VanEck Vectors Oil Services exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF never closes below its 65% knock-in level during the life of the notes, the payout at maturity will be par plus a fixed payment of 9.8%.
Otherwise, investors will receive no more than par and will be fully exposed to any decline in the ETF.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Digital barrier notes
|
Underlying assets: | VanEck Vectors Oil Services exchange-traded fund
|
Amount: | $1,008,000
|
Maturity: | July 26, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If ETF never closes below knock-in level during life of notes, par plus 9.8%; otherwise, no more than par and full exposure to any decline in the ETF
|
Initial level: | $25.42
|
Knock-in level: | $16.523, 65% of initial level
|
Pricing date: | July 14
|
Settlement date: | July 19
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 0.4%
|
Cusip: | 22550BCV3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.